Play Chance of Future Crypto Coin Price Finishing Over 0.0414
| PLAY Crypto | USD 0.04 0.0002 0.49% |
Play |
Play Target Price Odds to finish over 0.0414
The tendency of Play Crypto Coin price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.04 | 90 days | 0.04 | about 19.0 |
Based on a normal probability distribution, the odds of Play to move above the current price in 90 days from now is about 19.0 (This Play probability density function shows the probability of Play Crypto Coin to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Play has a beta of -21.12 indicating as returns on its benchmark rise, returns on holding Play are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Play is expected to outperform its benchmark. In addition to that Play has an alpha of 18.3599, implying that it can generate a 18.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Play Price Density |
| Price |
Predictive Modules for Play
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Play. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Play Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Play is not an exception. The market had few large corrections towards the Play's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Play, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Play within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 18.36 | |
β | Beta against Dow Jones | -21.12 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.13 |
Play Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Play for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Play can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Play is way too risky over 90 days horizon | |
| Play has some characteristics of a very speculative cryptocurrency | |
| Play appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Crypto ramps up Senate lobbying ahead of key votes - The Hill |
Play Technical Analysis
Play's future price can be derived by breaking down and analyzing its technical indicators over time. Play Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Play. In general, you should focus on analyzing Play Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Play Predictive Forecast Models
Play's time-series forecasting models is one of many Play's crypto coin analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Play's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the crypto coin market movement and maximize returns from investment trading.
Things to note about Play
Checking the ongoing alerts about Play for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Play help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Play is way too risky over 90 days horizon | |
| Play has some characteristics of a very speculative cryptocurrency | |
| Play appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Crypto ramps up Senate lobbying ahead of key votes - The Hill |
Check out Play Backtesting, Portfolio Optimization, Play Correlation, Cryptocurrency Center, Play Volatility, Play History as well as Play Performance. You can also try the AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.